Come on U.S. Dollar, Come on PowerShares US Dollar (UUP)

Our U.S. dollar has fallen 30% and should it start turning around, buy PowerShares DB U.S. Dollar Index Bullish  (AMEX:UUP), as Biggy once said "Only, to hell I send thee, all about the benjis, What?"

In the end, it's really all about the Benjamins.

Foreign economies are really starting to sink, Europe and Asia as well. The exchange trader fund called UUP, powershares U.S. dollar, bullish fund of the future could be a position you may want to take sooner than later.

Why mention it today, the U.S. dollar will tumble after today’s announcement of interest rate by the U.S. Federal Reserve?

Entry point Masters.  No one expects things to get better before they get worse, thus the UUP is one for the watch list.

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The Chart for the UUP:

However, the dollar has been making a comeback, more via RTTNews.com:

(RTTNews) -  The US dollar climbed to new multi-week highs against its Estonian, Slovakian, Czech and Hungarian counterparts during early deals on Tuesday. The greenback climbed to new multi-day high against the Polish zloty during this time period.  Biggy likes that.

The US ISM non-Manufacturing composite report for July and Federal Open Market committee rate decision are expected to drive deals in the New York session today. The FOMC is widely expected to hold the rate at 2.00%.

The US dollar spiked to a new multi-week high of 19.7150 against the Slovakian koruna by about 6:40 am ET Tuesday. The dollar-koruna pair closed previous day's trading at 19.5020. As of now, the pair is trading near 19.61.

The Slovak Statistical office announced that the country's retail sales at constant prices increased 3.1% year-over-year in June. The June increase was slower than May's 6.7%. Economists had expected retail sales growth to improve to 7.3% in June. For first six months of the year, retail sales increased 9.6% year-over-year in June.

The greenback that closed Monday's trading at 10.0243 against the Estonian kroon, edged up to a 6-week high during Tuesday's early deals. As of now, the pair is trading near 10.11. If the dollar climbs further, it may likely to find resistance near 10.19.

The dollar started moving higher against the Turkish lira by about 2:30 am ET Tuesday. The dollar rose from 1.1499 to 1.1565 against the Turkish currency by about 6:45 am ET. Currently the pair is worth 1.1537. The dollar-lira pair closed previous day's trading at 1.1545.

The US dollar strengthened against the Czech koruna during early deals on Tuesday. At about 4:40 am ET, the pair rose to a new multi-week high of 15.5350, compared to 15.4010 hit late Yesterday in New York. As of now, the pair is trading near 15.49.

The US currency climbed against its Poland counterpart during early deals on Tuesday. The pair rose to a 13-day high of 2.0796 by about 4:55 am ET, compared to 2.0594 hit late yesterday in New York. Currently the pair is quoted at 2.0779

SOURCE: http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=674635